Saudi Oil Minister: $25 crude would be a “miracle”
Saudi Arabia would like to see OPEC’s reverence price for oil remain constant at $25 a barrel, but the country’s oil minister said Wednesday it would “be a miracle” if that happens.
Fossil Fuels
US: Demand outpaces gas production
The natural gas industry faces a year of conflicting extremes in 2004.
Natural Gas Updates – A Dark And Cold Future
Evidence of a looming North American Natural Gas crisis.
Bush-Cheney Energy Strategy: Procuring the Rest of the World’s Oil
When first assuming office in early 2001, President George W. Bush’s top foreign policy priority was to increase the flow of petroleum from suppliers abroad to U.S. markets.
US: Utility bills skyrocket due to higher oil and natural gas prices
Utility bills are soaring this winter, hurting homeowners and businesses alike, for reasons that have less to do with nasty weather than with tight supplies of natural gas and oil.
BP: oil price will stay high
LORD BROWNE, chief executive of BP, the world’s second-largest oil company, has warned the City and British industry to prepare for a long period of high oil prices.
Increased Scrutiny Could Shrink World Oil Reserves
The world’s oil companies were already double-checking their books before Royal Dutch/Shell Group sent the industry into a tizzy this month by reducing the stated amounts of its proven reserves by almost 4 billion barrels of oil and natural gas. That’s 20% of its total.
Educating Arnie about LNG safety
AUSTRALIA has offered to send technical experts to the US to convince the California administration of Arnold Schwarzwenegger that liquefied natural gas plants can be environmentally safe and secure.
Canada Raises Reserve Reporting Standards
US could follow in wake of Shell scandal
China: Hungry for Power (Part 3)
It is about oil
IEA 2004 world oil demand forecast up 50,000 b/d to 79.63-mil b/d
The International Energy Agency Friday raised its estimate of global oil demand in 2004 by 50,000 b/d to 79.63-mil b/d.
Peak Oil’s theorists “extraordinary narrow research base”
An email from an economist expressing some reasonable concerns about the limited research available predicting or negating imminent oil peak.
